A Nobel laureate involved in the hedge fund that almost sank the world financial system has landed a new job – as a risk management consultant.

Robert Merton, 55, a partner in John Meriwether’s Long-Term Capital Management, has been taken on as an exclusive consultant by Wall Street powerhouse J.P. Morgan – one of the banks that helped bail out LTCM.

Merton’s hiring was first reported on Institutional Investor’s website.